SGMS was up 18% in the morning. Later I stalked it just sitting on its own VWAP for 15 mins. So I waited and opened a short when it fell through. Covered up before $10 in anticipation of round number resistance. $120 gain
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-06-10 12:13:28 | SGMS | sell | $10.400 | short |
2014-06-10 12:38:31 | SGMS | buy | $10.100 | 0 |
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Nice setup, nice trade.
I was long this in the morning and couldn't flip my bias.